Wightfibre Limited

POWER SEARCH PRICING

SOLUTIONS

wightfibre limited Company Information

Live

EstablishedMidHigh

Company Number

05470659

Website

www.wightfibre.com

Registered Address

56 love lane, cowes, isle of wight, PO31 7EU

Industry

Wireless telecommunications activities

Wired telecommunications activities

Telephone

01983295050

Next Accounts Due

June 2025

Group Structure

View All

Directors

John Irvine12 Years

Brian Robertson6 Years

View All

Shareholders

george digital uk 2 limited 100%

wightfibre limited Estimated Valuation

£7.9m

Pomanda estimates the enterprise value of WIGHTFIBRE LIMITED at £7.9m based on a Turnover of £5.4m and 1.46x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Wightfibre Limited is a live company located in isle of wight, PO31 7EU with a Companies House number of 05470659. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in June 2005, it's largest shareholder is george digital uk 2 limited with a 100% stake. Wightfibre Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.4m with high growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Wightfibre Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £5.4m, make it in line with the average company (£5.8m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (6.3%)

EXPORT

Wightfibre Limited's latest turnover from September 2023 is £5.4 million and the company has net assets of -£37.7 million. According to their latest financial statements, Wightfibre Limited has 106 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	5,427,849	4,332,774	3,806,835	3,288,924	3,177,818	3,526,991	2,617,413	2,475,003	1,710,339	1,901,232	2,267,002	1,959,130	2,135,309	1,738,857	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,407,809	1,254,918	1,284,298	1,335,060	1,180,200	2,104,174	1,567,799	1,459,863	993,515	1,163,891	1,326,246	947,955	1,036,878	1,034,732	0
Gross Profit	4,020,040	3,077,856	2,522,537	1,953,864	1,997,618	1,422,817	1,049,614	1,015,141	716,824	737,341	940,756	1,011,175	1,098,431	704,125	0
Admin Expenses	10,155,365	8,212,801	6,202,180	5,380,264	4,154,969	2,837,912	1,092,639	1,057,746	-6,663,703	1,532,683	1,271,296	1,350,548	1,451,970	1,491,763	3,953,828
Operating Profit	-6,135,325	-5,134,945	-3,679,643	-3,426,400	-2,157,351	-1,415,095	-43,025	-42,605	7,380,527	-795,342	-330,540	-339,373	-353,539	-787,638	-3,953,828
Interest Payable	7,722,076	5,109,781	3,882,737	2,855,224	1,214,452	264,841	0	0	0	0	416,474	302,305	531,589	97,208	0
Interest Receivable	35,512	1,141	0	4,100	7,829	13,096	108	95	326	816	518	271	2,271	1,161	650
Pre-Tax Profit	-15,278,648	-4,818,374	-6,093,293	-6,595,394	-3,363,974	-1,666,840	-42,917	-42,510	7,380,853	-794,526	-749,496	-641,407	-882,857	-883,684	-3,953,178
Tax	0	0	0	0	0	0	0	0	-1,476,170	0	0	0	0	0	0
Profit After Tax	-15,278,648	-4,818,374	-6,093,293	-6,595,394	-3,363,974	-1,666,840	-42,917	-42,510	5,904,682	-794,526	-749,496	-641,407	-882,857	-883,684	-3,953,178
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-15,278,648	-4,818,374	-6,093,293	-6,595,394	-3,363,974	-1,666,840	-42,917	-42,510	5,904,682	-794,526	-749,496	-641,407	-882,857	-883,684	-3,953,178
Employee Costs	5,304,907	4,492,259	2,679,153	2,457,876	1,814,619	2,257,879	1,792,767	1,756,567	390,677	421,453	541,432	477,770	492,114	427,641	0
Number Of Employees	106	96	87	76	56	43	35	33	8	9	11	10	11	10	0
EBITDA*	-2,094,476	-2,550,466	-2,004,019	-3,426,400	-2,157,351	-800,242	264,500	189,787	7,647,863	-545,029	-45,473	-14,969	88,233	-313,510	-3,490,223

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	68,846,111	52,445,105	34,449,921	22,609,604	14,709,838	3,842,225	1,316,304	1,136,082	1,111,089	1,003,912	1,123,116	1,351,181	1,623,994	2,020,549	2,352,062
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	833	708	708	708	708	708	708	708	0
Debtors (Due After 1 year)	5,119,669	6,576,428	1,151,217	0	0	0	0	0	0	0	25,000	25,000	25,000	0	0
Total Fixed Assets	73,965,780	59,021,533	35,601,138	22,609,604	14,709,838	3,842,225	1,317,137	1,136,790	1,111,797	1,004,620	1,148,824	1,376,889	1,649,702	2,021,257	2,352,062
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	612,056	484,328	168,945	196,033	74,251	103,969	69,550	74,175	231,468	225,386	45,197	10,783	26,717	211,967	182,189
Group Debtors	0	32,905	26,565	63,708	4,860	0	7,043	0	0	0	108,598	115,833	64,912	0	0
Misc Debtors	1,304,009	1,413,047	1,511,108	1,944,102	1,085,500	465,576	266,970	224,375	0	0	111,641	138,137	200,649	25,000	25,000
Cash	1,256,089	2,331,983	2,975,224	2,047,424	925,015	3,433,834	58,503	27,729	48,007	82,215	244,323	108,453	119,601	204,549	259,952
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,172,154	4,262,263	4,681,842	4,251,267	2,089,626	4,003,379	402,066	326,279	279,475	307,601	509,759	373,206	411,879	441,516	467,141
total assets	77,137,934	63,283,796	40,282,980	26,860,871	16,799,464	7,845,604	1,719,203	1,463,069	1,391,272	1,312,221	1,658,583	1,750,095	2,061,581	2,462,773	2,819,203
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	81,530	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	83,400	0	0	0
Trade Creditors	858,851	1,135,108	687,055	748,179	1,512,260	698,903	243,942	163,349	414,185	495,598	146,647	219,570	239,449	449,578	989,533
Group/Directors Accounts	0	0	0	42,533	0	25,287	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	99,108	0
hp & lease commitments	0	0	0	0	34,875	77,752	69,353	0	0	0	0	6,948	16,539	0	0
other current liabilities	1,590,698	1,837,868	1,469,973	1,083,609	854,521	453,300	1,476,174	323,893	0	0	386,384	352,195	234,925	0	0
total current liabilities	2,449,549	2,972,976	2,157,028	1,874,321	2,401,656	1,255,242	1,789,469	487,242	414,185	495,598	533,031	662,113	572,443	548,686	989,533
loans	106,697,980	78,816,350	52,463,426	33,651,531	18,055,792	7,847,138	0	0	0	0	0	402,013	448,316	2,891,897	0
hp & lease commitments	0	0	0	0	0	34,875	112,627	0	0	0	0	0	0	0	0
Accruals and Deferred Income	5,684,943	3,910,360	3,260,042	2,839,242	1,250,845	253,204	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	1,115,803	1,074,553	6,818,771	6,333,174	5,147,095	4,860,541	1,959,052	3,882,848
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	112,382,923	82,726,710	55,723,468	36,490,773	19,306,637	8,135,217	112,627	1,115,803	1,074,553	6,818,771	6,333,174	5,549,108	5,308,857	4,850,949	3,882,848
total liabilities	114,832,472	85,699,686	57,880,496	38,365,094	21,708,293	9,390,459	1,902,096	1,603,045	1,488,738	7,314,369	6,866,205	6,211,221	5,881,300	5,399,635	4,872,381
net assets	-37,694,538	-22,415,890	-17,597,516	-11,504,223	-4,908,829	-1,544,855	-182,893	-139,976	-97,466	-6,002,148	-5,207,622	-4,461,126	-3,819,719	-2,936,862	-2,053,178
total shareholders funds	-37,694,538	-22,415,890	-17,597,516	-11,504,223	-4,908,829	-1,544,855	-182,893	-139,976	-97,466	-6,002,148	-5,207,622	-4,461,126	-3,819,719	-2,936,862	-2,053,178

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-6,135,325	-5,134,945	-3,679,643	-3,426,400	-2,157,351	-1,415,095	-43,025	-42,605	7,380,527	-795,342	-330,540	-339,373	-353,539	-787,638	-3,953,828
Depreciation	4,040,849	2,584,479	1,675,624	0	0	614,853	307,525	232,392	267,336	250,313	285,067	324,404	441,772	474,128	463,605
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	-1,476,170	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,470,974	5,648,873	653,992	1,039,232	595,066	225,982	45,013	67,082	6,082	-65,050	683	-27,525	80,311	29,778	207,189
Creditors	-276,257	448,053	-61,124	-764,081	813,357	454,961	80,593	-250,836	-81,413	348,951	-72,923	-19,879	-210,129	-539,955	989,533
Accruals and Deferred Income	1,527,413	1,018,213	807,164	1,817,485	1,398,862	-769,670	1,152,281	323,893	0	-386,384	34,189	117,270	234,925	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	627,654	-6,733,073	-1,911,971	-3,412,228	-540,198	-1,340,933	1,452,361	195,762	6,084,198	-517,412	-84,890	109,947	32,718	-883,243	-2,707,879
Investing Activities
capital expenditure	0	0	0	0	0	-3,140,774	-487,747	-257,385	-374,513	-131,109	-57,002	-51,591	-45,217	-142,615	-2,815,667
Change in Investments	0	0	0	0	0	-833	125	0	0	0	0	0	0	708	0
cash flow from investments	0	0	0	0	0	-3,139,941	-487,872	-257,385	-374,513	-131,109	-57,002	-51,591	-45,217	-143,323	-2,815,667
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	-83,400	83,400	0	0	0
Group/Directors Accounts	0	0	-42,533	42,533	-25,287	25,287	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	-99,108	99,108	0
Long term loans	27,881,630	26,352,924	18,811,895	15,595,739	10,208,654	7,847,138	0	0	0	0	-402,013	-46,303	-2,443,581	2,891,897	0
Hire Purchase and Lease Commitments	0	0	0	-34,875	-77,752	-69,353	181,980	0	0	0	-6,948	-9,591	16,539	0	0
other long term liabilities	0	0	0	0	0	0	-1,115,803	41,250	-5,744,218	485,597	1,186,079	286,554	2,901,489	-1,923,796	3,882,848
share issue	0	0	0	0	0	304,878	0	0	0	0	3,000	0	0	0	1,900,000
interest	-7,686,564	-5,108,640	-3,882,737	-2,851,124	-1,206,623	-251,745	108	95	326	816	-415,956	-302,034	-529,318	-96,047	650
cash flow from financing	20,195,066	21,244,284	14,886,625	12,752,273	8,898,992	7,856,205	-933,715	41,345	-5,743,892	486,413	280,762	12,026	-153,979	971,162	5,783,498
cash and cash equivalents
cash	-1,075,894	-643,241	927,800	1,122,409	-2,508,819	3,375,331	30,774	-20,278	-34,208	-162,108	135,870	-11,148	-84,948	-55,403	259,952
overdraft	0	0	0	0	0	0	0	0	0	0	0	-81,530	81,530	0	0
change in cash	-1,075,894	-643,241	927,800	1,122,409	-2,508,819	3,375,331	30,774	-20,278	-34,208	-162,108	135,870	70,382	-166,478	-55,403	259,952

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for wightfibre limited. Get real-time insights into wightfibre limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for wightfibre limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in PO31 area or any other competitors across 12 key performance metrics.

WIGHTFIBRE LIMITED group structure

Wightfibre Limited has no subsidiary companies.

Ultimate parent company

GEORGE DIGITAL SLP LP

SL032252

GEORGE DIGITAL UK 2 LIMITED

10988029

2 parents

WIGHTFIBRE LIMITED

05470659

WIGHTFIBRE LIMITED Shareholders

george digital uk 2 limited

100%

Wightfibre Limited currently has 4 directors. The longest serving directors include Mr John Irvine (Mar 2012) and Mr Brian Robertson (Nov 2017).

officer	country	age	start	end	role
Mr John Irvine	England	63 years	Mar 2012	-	Director
Mr Brian Robertson	England	65 years	Nov 2017	-	Director
Mr James Harraway		44 years	Nov 2017	-	Director
Mr Nicolas Macke	England	38 years	Sep 2020	-	Director

P&L

September 2023

turnover

5.4m

+25%

operating profit

-6.1m

+19%

gross margin

74.1%

+4.26%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

-37.7m

+0.68%

total assets

77.1m

+0.22%

cash

1.3m

-0.46%

net assets

Total assets minus all liabilities

Similar Companies

Agree?

linimex limited

edge networks (uk) ltd

communications specialist ltd

social telecoms c.i.c.

3.5

active business communications limited

company number

05470659

Type

Private limited with Share Capital

industry

61200 - Wireless telecommunications activities

61100 - Wired telecommunications activities

incorporation date

June 2005

accounts

Full Accounts

ultimate parent company

GEORGE DIGITAL SLP LP

previous names

wightcable 2005 limited (July 2012)

continental shelf 350 limited (January 2006)

last accounts submitted

September 2023

address

56 love lane, cowes, isle of wight, PO31 7EU

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 7 charges/mortgages relating to wightfibre limited. Currently there are 1 open charges and 6 have been satisfied in the past.

wightfibre limited Company Information

wightfibre limited Estimated Valuation

wightfibre limited Estimated Valuation

wightfibre limited Estimated Valuation

Wightfibre Limited Overview

Wightfibre Limited Health Check

WIGHTFIBRE LIMITED financials

wightfibre limited Credit Report and Business Information

Wightfibre Limited Competitor Analysis

wightfibre limited Ownership

wightfibre limited directors

wightfibre limited company details

wightfibre limited Charges & Mortgages

wightfibre limited Companies House Filings - See Documents